Tag Archives: IWM
Midday Missive
IWM & MVV are both looking good. IBB…gains upside momentum with a close over 295. BIIB…Biogen is attempting an ORH day with a close over 325. This level will be an important reistance and closing upside pivot level the rest … Continue reading
A.M. Look 11/10/14
Stocks… Spu’s…need a close under 2020 to see profit taking hit the Equity Indices in the U.S. Nikkei…needs to hold above 16,700 to not go into profit taking mode. Profit taking mode would give a bid to the Yen. DAX…91.83 … Continue reading
Midday Missive
TWTR…tweeters can buy Twitter with a stop below today’s low to see how far it can rally. 44.70 is first resistance. IBB…299 is the first upside swing count off the monthly ORH pattern currently in play. TWX…a close today above … Continue reading
A.M. Look 10/8/14
Stocks… Spu/Bonds…the low yesterday matched the yearly uptrend line and cloud support. The spread either holds here or it takes a dive. SPU’s…the 200 DMA is @ 1903. The weekly support line we’ve held all year comes in at 1912 … Continue reading
A.M. Look 10/7/14
Stocks… SPU’s … the point & figure pattern shows a move back to 1928 is possible. Sustained price action above the high 60’s is needed to turn the pattern Bullish. IYT…closing below 148.25 would target 141 a test of the … Continue reading
A.M. Look 10/3/14
Stocks… SPU’s …need sustained price action back under 1928 to weaken. Everyone is looking at 1954 ish for resistance, however the Point & figure has room for a move as high as 1967, which would definitely screw the most amount … Continue reading
The late Show
Spu’s just corrected a full 100 points from the high. Bottom fishing is rampant with the Spu’s having just rallied 15 points off the low. The worst is over for now and traders will await tomorrow’s employment #. IWM elected … Continue reading
A.M. Look 10/1/14
Stocks… IWM…put in an ORL month. Russell continues to be the dog with fleas. 107.44 is the next set of macro sell stops. If these get elected look for another 8% down. SPU’s…sustained price action and a close under 1954 … Continue reading
A.M. Look 9/30/14
Stocks… IWM…ran the monthly ORL stops below 109.86. Sustained price action and a close below this level opens the door to 107.44 ( the qtrly ORL #). Spu’s…1958.50 filled my downside objective for this move. Price action and a close … Continue reading
A.M. Look 9/29/14
Stocks… IWM…ran the monthly ORL stops below 109.86. Sustained price action and a close below this level opens the door to 107.44 ( the qtrly ORL #). Spu’s…1958.50 filled my downside objective for this move. Price action and a close … Continue reading